Common use of Election Not to Terminate Clause in Contracts

Election Not to Terminate. In the event Buyer desires not to terminate this Agreement and the Escrow, on or before 11:00 p.m. Eastern Time on the date of expiration of the Investigation Period, Buyer shall deliver written notice to Seller of Buyer's election not to terminate this Agreement and the Escrow ("

Appears in 6 contracts

Samples: Purchase and Sale Agreement (TILT Holdings Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (TILT Holdings Inc.), Purchase and Sale Agreement (Ascend Wellness Holdings, LLC)

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Election Not to Terminate. In the event Buyer desires not to terminate this Agreement and the Escrow, on or before 11:00 8:00 p.m. Eastern Time on the date of expiration of the Investigation Period, Buyer shall deliver written notice to Seller of Buyer's election not to terminate this Agreement and the Escrow ("Buyer's Election Not to Terminate"). In the event Buyer fails to timely deliver to Seller Buyer's Election Not to Terminate in accordance with the provisions of this Section 4.3, such failure shall be deemed to constitute Buyer's Election to Terminate this Agreement in accordance with the terms and conditions of Section 4.2 hereof.

Appears in 1 contract

Samples: Memorandum of Purchase Option (Innovative Industrial Properties Inc)

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Election Not to Terminate. In the event Buyer desires not to terminate this Agreement and the Escrow, on or before 11:00 p.m. p m. Eastern Time on the date of expiration of the Investigation Period, Buyer shall deliver written notice to Seller of Buyer's election not to terminate this Agreement and the Escrow ("

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

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